Erste Asset Management GmbH Grows Stock Position in Match Group Inc. $MTCH

Erste Asset Management GmbH boosted its stake in shares of Match Group Inc. (NASDAQ:MTCH) by 18.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 100,331 shares of the technology company’s stock after buying an additional 15,425 shares during the period. Erste Asset Management GmbH’s holdings in Match Group were worth $3,250,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of MTCH. Activest Wealth Management increased its stake in Match Group by 6,523.1% in the fourth quarter. Activest Wealth Management now owns 861 shares of the technology company’s stock worth $28,000 after purchasing an additional 848 shares during the period. Advisory Services Network LLC purchased a new position in shares of Match Group during the third quarter valued at $28,000. Rossby Financial LCC boosted its position in Match Group by 126.5% during the third quarter. Rossby Financial LCC now owns 906 shares of the technology company’s stock valued at $31,000 after purchasing an additional 506 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in Match Group during the fourth quarter valued at about $38,000. Finally, Root Financial Partners LLC boosted its position in Match Group by 63.9% during the fourth quarter. Root Financial Partners LLC now owns 1,254 shares of the technology company’s stock valued at $40,000 after purchasing an additional 489 shares in the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

Match Group Stock Performance

NASDAQ MTCH opened at $34.72 on Wednesday. The stock’s fifty day moving average is $34.94 and its two-hundred day moving average is $32.90. The firm has a market capitalization of $8.10 billion, a P/E ratio of 13.25, a price-to-earnings-growth ratio of 0.55 and a beta of 1.33. Match Group Inc. has a fifty-two week low of $28.81 and a fifty-two week high of $39.20.

Match Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 21st. Shareholders of record on Tuesday, July 7th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a $0.80 dividend on an annualized basis and a yield of 2.3%. Match Group’s payout ratio is 30.53%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Piper Sandler set a $51.00 price target on Match Group in a report on Wednesday, May 6th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $43.00 target price on shares of Match Group in a report on Wednesday, May 6th. Royal Bank Of Canada lifted their price target on Match Group from $37.00 to $42.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Morgan Stanley boosted their price objective on Match Group from $35.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Finally, Truist Financial set a $37.00 price objective on Match Group in a research report on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $41.07.

Insider Activity at Match Group

In other news, Director Melissa Anne Brenner sold 5,141 shares of the company’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $35.94, for a total value of $184,767.54. Following the transaction, the director owned 16,218 shares of the company’s stock, valued at $582,874.92. This represents a 24.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.64% of the stock is currently owned by company insiders.

Match Group Profile

Match Group, Inc (NASDAQ: MTCH) is a leading provider of online dating products and services. The company owns and operates a diverse portfolio of consumer brands that connect singles through digital platforms. Its flagship offerings include Match.com, Tinder, Hinge, OkCupid and PlentyOfFish, which together serve users looking for long-term relationships, casual encounters and social networking opportunities.

Originating with the launch of Match.com in 1995, Match Group has grown through a combination of organic development and strategic acquisitions.